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My Dear Professional Colleagues,
Now financial year 2007-08 is over and we
all accounting professionals are having hectic schedls. At
the present juncture, it is difficult to participate in the
professional activities as we have to concentrate on account
closing, filing various returns, audit, AGMs and other
connected issues. For accounting professional it is testing
time, as we have to balance our official duties,
professional activities and family affairs
At Institute levels, accounts of Regional
Counsil and Chapters are under finalization and annual
general meeting of Number of chapter have already taken
place.New, enthusiastic and energetic office bearer are
taking over charge in Management Committees of Chapter. It
is gratifying to note that in all the Chapter, new office
bearer are elected in a very healthy and democratic manner
and in almost all the chapters, AGMs are taking place a per
the prescribed schedule. I would like to convey my sincere
thanks to all the office bearer who are relinquishing the
charge for their valuable contribution in the robust growth
of the profession and welcome all the new office bearers and
Chairman of the Chapters and request them to help in further
growth of the profession.
There are number of steps taken at
Headquarter level under the dynamic leadership of Shri
Chandra Wadhwa, President. Introduction of New Syllabus from
Januaary 2008 with three year compulsory training is a
revolutionary step. Now, on-line centralized registration of
students is being started and in the process all chapters,
Regional Counsils will be directly linked with headquarter.
In addition to that, Central Counsil has also decided to
launch a Managerial Competency Programme for the members.
Now, members of the Institute who hold the Certificate of
Practice can advertise their services. The Counsil has also
taken a decision that in view of the expected shortage in
the junior level in the next ten year, the Institute has
launched a Certificate Course in Accounting Techniques.The
Course has bheen designed especially to cater to the Small
and Medium Enterprises (SMEs), retail sector, KPO and BPO
sectio and Panchayats following a recommendation by the
Union Ministry of Corporate Affairs.
Now impact of globalization has started
showing its implication and I believe that as the
globalization of business and profession gathers momentum,
career opportunites for Management Accountants and other
professionals will further increase. The synergies from our
work and learning can expedite our professional use when our
members and students become sure about the opening up of new
opportunites and optimum utilization of their capacities and
talents to achieve professional breakthroughs. There is
regular feedback from market and Industry pouring in about
the growing demand for our members.
At NIRC level a programme as organized on
23td May, 08 on the International FFinancial Reporting
Standards. Shri Balwinder Singh, Central Counsil Member as
keynote speaker in the Programme. The programme was chaired
by Shri V.D.V. Prasad Rao, Ex Member(Finance) of Aiports
Authority of India. In this programme Shri Balwindker Singh
made excellent presentations on various aspects of IFRS,
indicating salient features, roadmap for implementation of
IFRS in India and various changes required in India. He
explained in details about the significance of IFRS and
detailed cmparison with Indian Accounting Standards. The
Programme was very engrossing and all the members
appreciated it. A unanimous opinion expressed in the
Programme that in the light of globalization of Indian
Corporate Sector, understanding IIFRS is very vital and NIRC
may consider 2-3 day programme on IFRS.
On students activites front, due to
untiring efforts and involvement of Shri Rajeev Mehrotra,
Vice Chairman of NIRC, student Council activities have been
started and once in every month student meet is organized in
which along with a guest speaker opportunites are given to
students to make presentation. To further add value to
student facility, for the first time modular Training
Programme have been organized during every hours which has
facilitated students who are in employment. I solicit
suggestion from members and students to further improve the
facilities for students.
With these words, I conclude my address
and earnestl seek your suggestions and guidance for further
growth of the profession.
With kind regards
B L Jain
June 14, 2008
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